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BALFOUR BEATTY GROUP LIMITED

Company number: 00101073

Reporting period:
1 July 2022 to 31 December 2022

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This information is as reported by the business, and responses are in their own words.

This report was filed on 30 January 2023

and approved by Philip Harrison

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 68%
• in 31 to 60 days: 28%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 15 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

60 days

Standard payment terms

Balfour Beatty Group Limited does not have standard payment terms they are agreed with suppliers as part of contract negotiations.
The most frequently used payment terms in the reporting period were 30 days.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

In respect of businesses identified as having less than 50 employees, we paid 77% of invoices in 30 days.

Dispute resolution process

Balfour Beatty Group Limited is committed to fair dealing with all of its supply chain members and transparency and timely resolution of disputed items. The dispute process is detailed on our website, link below
https://www.balfourbeatty.com/how-we-work/supply-chain/becoming-a-supplier-and-supplier-payment/

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Yes – The Prompt Payment Code

Does this business offer e-invoicing in relation to qualifying contracts? This is where suppliers can electronically submit and track invoices. It’s not just allowing suppliers to email them an invoice.

Yes

Does this business offer supply chain finance? This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

No

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No